TransUnion (TRU) Upgraded at Zacks Investment Research
TransUnion (NYSE:TRU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $54.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 11.62% from the stock’s previous close.
According to Zacks, “TransUnion is poised for impressive growth in several of its end markets, especially the burgeoning Big Data and analytics market, with an attractive business model, significant operating leverage, low capital requirements and strong and stable cash flows. Increased risk of identity theft due to data breaches and higher consumer awareness about the usage of credit information are propelling the demand for its consumer solutions. As emerging market economies continue to develop and mature, TransUnion is well-positioned to gain from the associated favorable socio-economic trends. The company has further increased its guidance on healthy growth dynamics. TransUnion has also outperformed the industry year to date. However, the company is vulnerable to the overall macroeconomic conditions, industry trends and adverse foreign currency translation effects, which limit its profitability to some extent.”
A number of other research analysts have also recently commented on TRU. BidaskClub upgraded TransUnion from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. SunTrust Banks, Inc. began coverage on TransUnion in a research note on Tuesday. They issued a “buy” rating and a $54.00 price target for the company. Cowen and Company reiterated a “buy” rating and issued a $48.00 price target on shares of TransUnion in a research note on Friday, July 28th. Barclays PLC reiterated an “overweight” rating and issued a $48.00 price target (up from $45.00) on shares of TransUnion in a research note on Friday, June 16th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $50.00 price target (up from $47.00) on shares of TransUnion in a research note on Wednesday, July 26th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $47.89.
Shares of TransUnion (TRU) traded up 1.47% during trading on Thursday, reaching $49.09. The company’s stock had a trading volume of 174,747 shares. The firm’s 50-day moving average is $46.38 and its 200 day moving average is $42.11. The company has a market cap of $8.93 billion, a PE ratio of 42.25 and a beta of 0.60. TransUnion has a 52-week low of $28.92 and a 52-week high of $49.10.
TransUnion (NYSE:TRU) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. The company had revenue of $474.80 million during the quarter, compared to analysts’ expectations of $464.77 million. During the same period in the prior year, the company earned $0.37 EPS. TransUnion’s revenue was up 11.5% compared to the same quarter last year. On average, equities research analysts predict that TransUnion will post $1.83 EPS for the current fiscal year.
In related news, CAO Timothy Elberfeld sold 902 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $45.43, for a total transaction of $40,977.86. Following the completion of the transaction, the chief accounting officer now directly owns 15,423 shares of the company’s stock, valued at approximately $700,666.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James M. Peck sold 75,658 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $45.46, for a total value of $3,439,412.68. Following the transaction, the insider now directly owns 276,284 shares of the company’s stock, valued at $12,559,870.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,086,719 shares of company stock valued at $642,437,522. 2.10% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TransUnion by 37.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock worth $157,000 after purchasing an additional 1,108 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in TransUnion by 138.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock worth $174,000 after purchasing an additional 2,329 shares during the last quarter. SG Americas Securities LLC bought a new position in TransUnion during the 2nd quarter worth $212,000. Alpine Global Management LLC bought a new position in TransUnion during the 2nd quarter worth $217,000. Finally, Schmidt P J Investment Management Inc. bought a new position in TransUnion during the 2nd quarter worth $230,000.
TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.
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